WISH YOU A HAPPY & CHEERFULL “CHRISTMAS”.
MAY THIS CHRISTMAS BRING WEALTH, HEALTH AND PEACE TO ONE & ALL.
Thursday, December 25, 2008
Tuesday, December 23, 2008
The security concerns…
Both the countries are equipped with nuclear technology heading for a collision can draw catastrophic results. The efforts of India are yielding results as the international pressures are mounting on Pak Govt. and local political uncertainties are placing that country in a fix.
The strength of markets can be gain when the dark clouds of war ceases. The Nifty is facing resistance at 3100 level but 3030-3026 level holds good for yesterday may be challenged to day because the RIL fell below 1315 support level. The HDFC and HDFC bank are driving south wards. The markets may hold in tight band till the expiry.
The Nifty is good above 3076-79 level which will become a resistance and the support for this day could be at 2961-63 level. The SBI is holding above 1265 is good, DLF is good above 296 and ONGC above 694. In case these trade below their support level and RIL below 1296 level is a clear sign of Bear grip over the markets. The HDFC is weak below 1532 and minor support at 1410-12 level. The HDFC Bank is weak below 1036 level and support at 930-32 level.
The strength of markets can be gain when the dark clouds of war ceases. The Nifty is facing resistance at 3100 level but 3030-3026 level holds good for yesterday may be challenged to day because the RIL fell below 1315 support level. The HDFC and HDFC bank are driving south wards. The markets may hold in tight band till the expiry.
The Nifty is good above 3076-79 level which will become a resistance and the support for this day could be at 2961-63 level. The SBI is holding above 1265 is good, DLF is good above 296 and ONGC above 694. In case these trade below their support level and RIL below 1296 level is a clear sign of Bear grip over the markets. The HDFC is weak below 1532 and minor support at 1410-12 level. The HDFC Bank is weak below 1036 level and support at 930-32 level.
Monday, December 22, 2008
The Air strike ?…
The Air strike by India has become immense importance to curb the terrorist activities of POK based organizations. The wait and watch approach strengthens the extremists. The peace loving nature shall bring friends but this attitude dilutes with the foes, take advantage of the good feeling to weakness. The markets like the move that lights our spirits however strong we argue on the impairments of war to humanity.
The Nifty is loosing momentum as the heavy weights like RIL, ICICI, ONGC and other counters of telecos. The recent momentum counters are Relcap, Rel infra, HUL and DLF hold the value and not good to be trapped by selling.
At this point the markets have good support at 2961-63 level. So the markets are strong for the Bulls and be with them for short period incase RIL cross the resistance at 1415-18 level or shorts built if it trades below 1315-18.
The Nifty is loosing momentum as the heavy weights like RIL, ICICI, ONGC and other counters of telecos. The recent momentum counters are Relcap, Rel infra, HUL and DLF hold the value and not good to be trapped by selling.
At this point the markets have good support at 2961-63 level. So the markets are strong for the Bulls and be with them for short period incase RIL cross the resistance at 1415-18 level or shorts built if it trades below 1315-18.
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